TMI Blog2008 (12) TMI 72X X X X Extracts X X X X X X X X Extracts X X X X ..... management, marketing, technical and commercial – submission that only advisory services are liable and not executive services - appellant submission that their activity not amounts to Management Consultancy services but it is Management service, is acceptable - ST/121 & 275/2005 - A/2634-2635/2008-WZB/AHD - Dated:- 11-12-2008 - Ms. Archana Wadhwa, Member (J) and Shri B.S.V. Murthy, Member (T) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... STL's financial operations. (d) STL to deposit/transfer the entire receipts in the appellant's bank account and draw the amounts required for the day to day financial requirements for running the unit after submitting detailed requirements to appellant. (e) Appellant to charge a fee of 2% for corporate guarantee extended to STL or ARM. (f) Appellant to charge a management fee of 2% on the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ision with effect from the date of taken over of ARM Ltd., Cable Division for providing managerial services in the areas of General Management, Marketing, Technical and Commercial in addition to the charges for deputation of technical man power if any and for their interest charges on monthly basis." 3.2 It is his contention that this does not amount to management consultancy service. It is hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submits that the extended period could not have been invoked in this case since there was a bona fide belief on the part of the appellant that services provided was not management consultancy services in view of the agreement discussed above. 4. We find considerable force in the arguments advanced by learned advocate. As contended by him, what is provided is not management service but manageme ..... X X X X Extracts X X X X X X X X Extracts X X X X
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